In the Covid year 2020, the US Mint produced over 24 percent more circulation coins than in the previous year: 15.5 billion coins, nearly a record. This is due to a constant shortage of cash in the USA. However, the Mint alone cannot solve this issue.
In many countries people prefer cash over cashless. But what do you think, which one is currently the world’s most cash-reliant country? A hint: more than 3 out of 4 transactions are done there using banknotes and coins. Read here the results of a new research.
All over the media we read about the death of cash and the advent of a new, cashless, dawn. But Covid-19 has reminded us of how essential cash is to us all and instead of a decline this recent period has shown a near-unprecedented growth in demand.
During the Covid-19 pandemic media and health minsters advise against the use of cash as unhygienic. A new research report on how cash is currently being discussed in the media helps central banks answer apprehensions concerning cash as a germ carrier.